Who is kidding who regarding a recovery in commercial real estate
October 18, 2009
Bank failures drain FDIC insurance | www.washingtontimes.com
Many so called pundits are still optimistic about commercial real estate making a dramatic recovery in 2010. Nothing could be further from reality
Japan Financial Affairs Minister Reviews Debt Moratorium Proposal
October 10, 2009
60% Of Smaller Firms Critical Of Debt Relief Plan: Poll | www.nni.nikkei.co.jp
Senior bureaucrats in Japan's Financial Services Agency allayed the worst fears of financial markets by unveiling draft legislation that bears little resemblance to the original pledge by Financial Affairs Minister to place a 3-year moratorium on repayment of small business loans. The draft legislation, which provides no blanket relief to borrowers and places no apparent financial burden on lenders, would be more appropriately described as an emergency bailout measure for SME borrowers.
Secure Future for Promise Under Former SMBC Exec
October 10, 2009
Promise Soars 14% On News Of New President | www.nni.nikkei.co.jp
Shares in Promise Corporation soared Friday on an interim announcement of the replacement of longstanding President Hiroki Jinnai with Deputy President Ken Kubo, a former Sumitomo Mitsui Bank Corporation executive with extensive consumer lending experience. The change in management signals a turning point in the company's transition from back-alley lender to full fledged megabank affiliate.
Aiful's Rehab Plan Needs Support From All Creditors
October 8, 2009
Aiful's Rehab Plan Needs Support From All Creditors | www.nikkei.co.jp
Nikkei today reported what insiders have long known: the privately orchestrated bailout for Aiful requires unanimous approval of more than 70 creditor financial institutions, many of which presumably have bought Credit Default Swap (CDS) protection against their exposure. Chances of success are grave and slim; Aiful seems headed for Civil Rehabilitation, or quite possibly even bankruptcy.
Another Dose of Reality about commercial real estate
October 7, 2009
Office Rents Dive as Vacancies Rise | online.wsj.com
This article should be of no surprise other than to those eternal optimists or those that have a vested interest in purporting the opposite view.
Why this report is not a good Omen for the Commercial Real Estate sector
September 29, 2009
Stocks waver on housing, consumer confidence data | www.wtop.com
Once again the pundits got it wrong. The ever optimistic media and their un-named economists seem to have no clue about how bad the economy has been. Further, they have not figured out how this worst recession since the Great Depression will continue to affect people's spending and saving habits. They certainly have no idea how the commercial real estate sector will continued to be affected.
September 27, 2009
State Bank of India open to acquisitions in UK | www.reuters.com
1. That State Bank of India is on the prowl is evidence enough that global crisis had minimal affect on Indian Banking system.2. Indian economy is on the threshold of a upward curve.
New Financial Services Minister Puts Hatoyama Gov't in the Hot Seat
September 25, 2009
Kamei To Seek Banking Assn Chief's Support For Borrower Relief | www.nni.nikkei.co.jp
Next week's meeting between Japan's Minister of Financial Affairs and the Chairman of the Japanese Bankers Association provides the first stress-test for the survivability of Japan's newly elected DPJ led coalition government.
Aiful opts for privately orchestrated rehabilitation plan
September 23, 2009
Aiful To Close 270 Branches In 1 Year Under Rehab Plan | www.nni.nikkei.co.jp
Nikkei reports that Aiful expects to receive approval to enter Alternative Dispute Resolution talks with bank creditors to win support for a privately orchestrated rehabilitation plan that includes slashing 1,000 jobs and closing an additional 70 staffed and 200 automated branches. There is no indication that the company intends to seek government support under the Special Law for Industrial Revitalization.
Alternative Dispute Resolution is no panacea for Aiful
September 22, 2009
Interest Refunds To Remain A Burden On Aiful's Restructuring | www.nni.nikkei.co.jp
On September 18th, Aiful announced plans to negotiate changes in payment schedules with creditors as part of a broader operational restructuring. The company hopes to take advantage of provisions in the recently revised Special Law for Industrial Revitalization and Restructuring of Industrial Activities to restructure operations by merging subsidiaries, closing branched and slashing payrolls. The law provides for tax incentives and protection from creditors, but it is no panacea.
New FINRA Rule 2210-Simplification Whose Time Has Come
November 4, 2009
ADP Must Grow Three Major Markets for Continued Success
October 22, 2009
Battle for Dominance in Mortgage Fraud Analytics Space
October 17, 2009
All hands on deck, full steam ahead
September 7, 2009
Dollar destined to be second class currency in world's largest banana republic
September 1, 2009